Office of Natural Resources Revenue January 2016 – Federal Register Recent Federal Regulation Documents

States' Decisions on Participating in Accounting and Auditing Relief for Federal Oil and Gas Marginal Properties
Document Number: 2016-01079
Type: Notice
Date: 2016-01-21
Agency: Department of the Interior, Office of Natural Resources Revenue
Final regulations that ONRR published September 13, 2004 (69 FR 55076), provide two types of accounting and auditing relief for Federal onshore or Outer Continental Shelf lease production from marginal properties. As the regulations require, ONRR provided a list of qualifying marginal Federal oil and gas properties to States that received a portion of Federal royalties. Each State then decided whether to participate in one or both relief options. For calendar year 2016, we provide in this notice the affected States' decisions to allow one or both types of relief.
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